RIFT OIL, Drilling for Oil in Papua New Guinea

Hectorp - 21 Dec'06 - 13:41 - 6407 of 6408

And the condensate does not have to be piped, its valuable enough for road or river transport to be arranged.

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Hectorp.

The condensate is only valuable if

1. There is enough of it produced from the gas to warrant the expenditure on production and gas re-injection wells and processing faculties out in the middle of nowhere and the cost of building transport barges etc.

2. The first step is to find out what does ''Moderate Condensate’ equate to in BPD.

3. We will only know this when they finally decide to flow test the first well.